McCormick & Company, Incorporated $MKC Shares Acquired by Rockland Trust Co.

Rockland Trust Co. raised its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 6.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 393,414 shares of the company’s stock after buying an additional 22,991 shares during the period. Rockland Trust Co.’s holdings in McCormick & Company, Incorporated were worth $18,254,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Aristotle Capital Management LLC lifted its position in shares of McCormick & Company, Incorporated by 231.9% during the 1st quarter. Aristotle Capital Management LLC now owns 12,664,378 shares of the company’s stock valued at $638,795,000 after acquiring an additional 8,848,235 shares during the last quarter. XXEC Inc. acquired a new position in shares of McCormick & Company, Incorporated in the 2nd quarter worth $154,566,000. Diamant Asset Management Inc. raised its position in shares of McCormick & Company, Incorporated by 4,848.6% during the first quarter. Diamant Asset Management Inc. now owns 1,046,630 shares of the company’s stock worth $52,792,000 after purchasing an additional 1,025,480 shares during the period. Engineers Gate Manager LP purchased a new stake in shares of McCormick & Company, Incorporated during the fourth quarter valued at $64,522,000. Finally, Norges Bank purchased a new stake in shares of McCormick & Company, Incorporated during the fourth quarter valued at $62,711,000. Institutional investors own 79.74% of the company’s stock.

Insider Activity

In related news, major shareholder Lawrence Kurzius sold 205,538 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $52.69, for a total transaction of $10,829,797.22. Following the completion of the sale, the insider directly owned 296,992 shares in the company, valued at approximately $15,648,508.48. This trade represents a 40.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 10.60% of the company’s stock.

McCormick & Company, Incorporated Stock Up 0.2%

Shares of NYSE MKC traded up $0.07 during mid-day trading on Monday, reaching $44.74. The company had a trading volume of 1,324,459 shares, compared to its average volume of 3,969,614. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.33 and a current ratio of 0.66. The company has a market capitalization of $12.03 billion, a price-to-earnings ratio of 8.10, a PEG ratio of 1.80 and a beta of 0.65. The stock has a fifty day moving average of $51.73 and a two-hundred day moving average of $50.69. McCormick & Company, Incorporated has a 12-month low of $43.25 and a 12-month high of $72.41.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings data on Thursday, October 1st. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.10. McCormick & Company, Incorporated had a net margin of 19.39% and a return on equity of 12.01%. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the business earned $0.85 EPS. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, equities research analysts expect that McCormick & Company, Incorporated will post 3.08 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Tuesday, October 13th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, October 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.3%. McCormick & Company, Incorporated’s dividend payout ratio is 34.72%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MKC. Sanford C. Bernstein reissued an “outperform” rating and issued a $59.00 price target on shares of McCormick & Company, Incorporated in a research note on Friday. Barclays decreased their target price on shares of McCormick & Company, Incorporated from $55.00 to $47.00 and set an “equal weight” rating for the company in a report on Friday. Weiss Ratings raised shares of McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 5th. UBS Group cut their price target on shares of McCormick & Company, Incorporated from $52.00 to $48.00 and set a “neutral” rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of McCormick & Company, Incorporated from $63.00 to $62.00 and set an “overweight” rating for the company in a research note on Friday, September 18th. Five analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $55.30.

McCormick & Company, Incorporated Profile

McCormick & Company, Incorporated is a global producer and marketer of spices, herbs, seasonings, condiments, sauces and other flavor products. The company sells branded products to consumers through grocery stores, e-commerce channels and other retail outlets, while also supplying customized flavor solutions, ingredients and seasonings to food manufacturers, restaurants and foodservice operators.

Its portfolio includes the McCormick, French’s, Frank’s RedHot, Lawry’s, OLD BAY, Zatarain’s, Grill Mates and Cholula brands, among others.